DADI / KYC FAQ

Know your customer

General FAQ

What is KYC and why do I need to do it?

KYC stands for ‘Know Your Customer’ and it’s a process that allows us to be sure individuals are who they say they are. Aside from being good practice, this also means we can be sure that people are not participating with more than one account to get around the individual cap placed on the crowdsale to promote fairness.

How do I start the KYC process?

You’ll need an account at dadi.cloud before you can do anything else. Once registered, go to your account page and follow the instructions to upload documents.

Which documents do I need?

We ask for two documents to verify your identity — a photo ID such as a passport or drivers’ licence plus a proof of address. A list of documents permitted for this can be found here.

Which document formats will you accept?

You can photograph your documents (clearly) and send us an image file or screenshot documents on your machine, but they MUST be legible. We will also accept PDFs.

Which wallets are acceptable?

I am from [insert country name here] can I participate?

The DADI ICO is managed by DADI+ Limited, which is a UK entity (company no. 08599900). The ICO is operating under the jurisdiction of the UK. It is up to all participants, regardless of their jurisdiction, to ensure that they have taken appropriate investment and tax advice with regards to the purchasing of DADI Tokens.

Is there a deadline for completing KYC?

We recommend starting the process at least five days before the public sale starts for the best chance of verification in time. If you are less worried about being first through the door then don’t worry, we’ll leave it open until the crowdsale ends.

Do I need to complete KYC to collect my referral bonus?

If your application is not verified we will give a clear reason via your account page on dadi.cloud. You will also have the chance to rectify this by completing a further submission.

My application was successful. What now?

Participate in the crowdsale! If you are reading this before the crowdsale has started, don’t worry — we’ll notify you before it starts.

KYC terms

1.1 DADI is capturing certain of your personal information in order to perform the DADI KYC (“Know Your Customer”) process in order to perform checks as required by anti-money laundering regulations and other applicable laws. This information will only be used for this purpose and will be archived by DADI in a secure offline location until deleted on the following timelines:

for individuals not successful in purchasing DADI tokens, within 30 days of the Crowdsale closing (in practice this will usually happen within 14 days);

for authorised purchasers of DADI tokens, within 180 days of the Crowdsale closing;

or for an extended period of time as deemed necessary by DADI to fulfil its obligations under anti-money laundering regulations and other applicable laws.

1.2 By supplying personal information for DADI’s KYC process applicants understand that this information has to be used by DADI for the DADI KYC process

1.3 DADI will use reasonable endeavours to verify individuals (i.e. put individuals through the DADI KYC process) on a “first come — first serve basis”, however, DADI does not guarantee verification (successful or otherwise) for any applicant and DADI reserves the right to not verify any applicant in its sole discretion.

1.4 As part of the DADI KYC process DADI uses a third party solution to verify applicants against an “AML watchlist”.

1.5 DADI will not provide any details of any failed verification to any applicant.

1.6 Successful verification is required to purchase DADI tokens (“Tokens”), however, there is no right to purchase Tokens.